, Columnist
China Leaves Money on the Table in Its Euro Bond Sale
Beijing’s finance mavens missed out by bypassing the booming market for green debt.
On the table.
Source: Bloomberg
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The People's Republic of China has no problem raising debt internationally — nor should it with an A+ credit rating. A 4 billion-euro ($4.6 billion) sale of new debt in three-, seven- and 12-year maturities on Wednesday showed investor demand is still strong for the sovereign even as worries mount about the state of the corporate bond market domestically.
However, China missed a trick by not issuing a green tranche — as it had suggested was possible at an investor forum in October — with the COP26 climate change conference still ongoing.